Digital record-keeping platform Vestwell has teamed with robo-advisory tech provider Bambu in an effort to “provide customers with an even more robust retirement plan experience”.
/PRNewswire/ Vestwell, a digital recordkeeping platform, and Bambu, a global robo-advisory technology provider, are teaming up to provide customers with an.
New Annexus Division to Develop Annuity Products for 401(k)s While Annexus is not yet ready to discuss specific products, it has filed six patents to bring retirement income products into the 401(k) space.
Scottsdale, Ariz.-based Annexus, which designs retirement income products, has launched a new division dedicated to building guaranteed retirement income products using annuity structures for defined contribution plans. While the firm’s not yet ready to discuss specific products, it has filed six patents to bring such products into the 401(k) space. Annexus expects to announce the first new product in early 2021.
In early January 2019, Blackstone acquired a minority stake in Annexus, and part of that capital has helped build out the new division, called Annexus Retirement Solutions.